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Stock impact report

Can Stablecoins Fix Cross-Border Payments? Report Warns Tech Won't Solve $1 Quadrillion Problem [Yahoo! Finance]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Payments Association and Payall warn that issues continue to hamper the $1 quadrillion global payments market. As correspondent banking networks shrink, exporters in emerging markets are losing access to payment channels. While stablecoins are gaining ground in cross-border payments, experts say they are not a “silver bullet.” Stablecoins and other emerging technologies will not solve the deep-rooted inefficiencies plaguing the cross-border payments market, according to a new report from the Payments Association and Payall. Stablecoins Not the Answer? Stablecoins are often heralded as potential pathways toward faster and cheaper payments, but the Payments Association cautions that innovation alone will not be enough without strong oversight. “Stablecoins promise faster, cheaper, programmable money — but they're not a silver bullet,” said Dr. Ruth Wandhöfer, industry expert and author of the white-paper. While stablecoin adoption was initially driven by crypto tradin Show less Read more
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